Buyback Bonanza: 3 Auto Stocks That Really Believe in Themselves
Honda Motor(HMC) investorplace.com·2024-05-24 00:44
If you’re looking for auto stocks to buy, Honda Motor Co. (NYSE:HMC) should be at the top of your list. Bloomberg reported earlier in May that forecasted a strong year for Honda profits due to high demand for its hybrids in the U.S. and motorcycles in Asia.In February, the company projected it would earn 1.25 trillion yen ($8.0 billion USD) in fiscal 2025 (March year-end). Now Honda expects profits to be 1.42 trillion yen ($9.07 billion USD). Some analysts believe it will raise its guidance again in 2025.W ...